SELF CERTIFIED SYNDICATE BANKS
Comeback Trail: After IT, time for large private banks to make a comeback? 6 top private banks with an upside potential of upto 40%
Today, because one private sector bank and some of the PSU banks are under pressure, the bank nifty is trading in the red. Because the bank in question, Kotak Mahindra bank has come under pressure due to one specific development which tends to be eye-catching, the whole narrative shifts to something which is not related to the core business of banking. If one leaves aside what is happening in the banks today and looks at a slightly broader picture, probably there are underlying indications of something else. A probability of a tactical investment opportunity building in the private sector banks taking place. Look at the leaders from that space, HDFC bank which has been at the forefront of getting all negative news is pretty much close to its earlier highs.
Headwinds of high FPI exposure, but good for long term: 6 stocks the financial services sector with an upside potential of up to 25 %
One of the most intriguing aspects of presenting the return performance of stocks, or any asset class for that matter, is how a slight adjustment in the calculation date can dramatically alter the perception, making the glass appear either half full or half empty. This phenomenon is particularly evident in the case of financial service stocks. Recently, these stocks have often been portrayed as underperformers. However, this overlooks the fact that over the long term, they have provided substantial returns and generated significant wealth. The short-term underperformance of these stocks can be attributed to their heavy ownership by Foreign Portfolio Investors (FPI). As FPIs have been net sellers in Indian equities, financial service stocks have faced selling pressure. Nevertheless, the relative decline in stock prices is considerably less severe than in previous instances of similar selling activity. Given the robust fundamentals of these stocks compared to a few years ago, it is prudent to view them from a long-term investment perspective.
PM Modi to release Rs 20,000 crore of PM-Kisan Samman fund into 9.26 crore bank accounts of farmers today
Prime Minister Narendra Modi is set to release the 17th installment of the PM-KISAN scheme during his visit to Varanasi on Tuesday. More than 9.26 crore farmers will benefit from this, receiving over Rs 20,000 crore. Additionally, the Prime Minister will distribute certificates to over 30,000 self-help groups trained as Krishi Sakhis. The event, organized by the Union Ministry of Agriculture and Farmers Welfare in coordination with the Uttar Pradesh government, aims to support farmers and raise awareness about agricultural practices.
These 7 bank stocks can give more than 20% returns in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Will short-term narrative against PSU banks bring back mojo to private sector banks: 5 banks with an upside potential of up to 24%
One of the sectors where the election results hit hard was the PSU banking space. Two reasons, the stocks had done well in the last one year and had been sitting on big gains, so there is bound to be some nervous selling. Second, they have been seen as following a certain discipline and it is being assumed that because it is a coalition government than probably some amount of laziness might creep in. Well, only time will tell whether it creeps it or not. The hard fact is that in the short term a tactical trade might emerge in banking space, which is incremental money which comes into the banking sector, flows into private sector banks as compared to PSU banks stocks. Another reason why this could happen, over the last three years these private sector banks have under performed on a relative basis. Although they are still heavily owned by institutional investors, the ones who have not sold in the last three years are unlikely to be in a hurry to sell even now. So, for a short term tactical trade, it would be worthwhile to have them on your watchlist.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
One segment of the markets which was most vulnerable to election results was the mid-cap segment of the market for one simple reason, valuations have been on the higher end. Now that a part of the election anxiety is behind as a new government gets formed. Once again the focus is back on the mid-cap. There are selected stocks from different sectors where analysts are bullish in time where there is rotational trade likely to take place in the next couple of months. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
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Fake job offers in India or abroad: How to spot a fraudulent job offer, know the full list of authorised agents for foreign jobs
Fake job offers: India is such a country where millions of young people reside and many of them are searching for a job either within India or abroad. Younger people have aspirations and enthusiasm which fraudsters are using to dupe them with fake job offers. In the recent past many young Indians were taken abroad to work in scam jobs, etc.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
After a strong phase upward movement, mid cap stocks are witnessing a sort of selective profit booking move. Profit booking which is mostly happening in line with Q4 numbers. A strong directional move is only likely to appear post election results. During this phase, analysts are bullish on select stocks from different sectors, a number of the stocks on which analysts are bullish are essentially leaders of their sector.ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
After a phase where they once again relatively out performed, mid cap stocks are witnessing a sort of profit booking. A rotational move in terms of one set of stocks from a sector witnessing correction, while the other moves up based on what kind of numbers are getting released for the Q4. During this phase, analysts are bullish on select stocks from different sectors, a number of the stocks on which analysts are bullish are essentially leaders of their sector.ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
These 6 bank stocks can give more than 20% returns in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
PSU Banks stocks: Stay bullish, hedge a bit to avoid narrative induced selling; top 7 PSU banks with upside potential of up to 36 %
While every sector has witnessed a re-rating in the last couple of years. The re-rating can be due to two reasons. whether headwinds have gone away because of government policy push and clean up or the sector has recovered due cyclical reasons. In the case of PSU banks,which have seen strong re-rating in the last one year, there is a mix of both reasons. The government cleaned up and strengthened the regulatory system. Also that overall economic growth has seen a sharp recovery which has helped in credit off take. Now comes the question that after this rally, should one sell, should one hold, should one increase the exposure. The answer lies in hedging for the banks you own and just avoid listening to noise which will remain high till election results are announced.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
While it might be a bit early to say, but the way things have panned in the last couple of weeks, it is clear that bulls are not in any mood to leave the street. At the same time bears are also clear they will wait and on sidelines till election results. Two things one should remember at this point of intersection which rarely comes, that finally it is the business and the management which matters. Probably management of the large cap companies have that in abundance for two things, manage difficult times and by the end of the day grow. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Bearing the brunt today, but good for long term: 6 stocks with pedigree from the financial services sector with upside potential of up to 28%
One of the best and probably also the worst part of the presentation of return performance of any stocks or for that matter any asset class is a small change in the date for the calculation and one can show whether the glass is half full or half empty. Probably this is happening with the financial service stocks. In the recent past a number of times they have been shown as under performers. But what is being omitted is the fact that over the long term these are stocks which have delivered very good returns and generated wealth. The reason for their short term underperformance is the fact that these stocks are over owned by FPI and because they are sellers in Indian equities these stocks have been facing pressure. But on a relative basis, the pressure in stock prices is far less as compared to what earlier such selling episodes used to bring. Given the fact that fundamentally these stocks are on strong footing as compared to what they were a few years back, it is better to have a look at them with a long term perspective.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
The way mid-cap stocks have performed in the last one week. The biggest question would be whether this is another short term profit booking move or a beginning of a long phase correction and valuation adjustment. The answer would depend on one thing, election results. The policy continuity will lead to continued re-rating of the mid-cap segment as operationally the working of mid-cap companies have seen maximum improvement in terms of cost of capital which is the biggest factor for a mid cap companies. During this phase, analysts are bullish on select stocks from different sectors, some of which are either the leaders of their sector or part of the top three companies which are known to be well managed. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
Just because the nifty has been trading in the red for the last few trading sessions, the word correction might be heard on the street. but the fact is that for the last many weeks, there has been a correction which has been taking place on the street. It is a sectoral correction which is taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. Though for all this will hold true only with a condition of policy continuity after elections. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Higher ability to withstand sudden headwinds: 5 largecap stocks with right mix of RoE & RoCE
There are two kinds of risk in equity markets, first the overall market or asset class risk. Second is individual risk. First risk is not under control of anyone, because it can hit the market due to any reason, right from any geopolitical uncertainty to any monetary event in any part of the world. Probably the first kind of risk got played recently with the flip flop of the US and development in the middle east. The second risk which is individual risk is about the choice of the stock which one buys. In equities after a point of time it is more important to manage individual risk than to take risk. In equities the risk is more in the short term, over longer term, it is not very high. One way to manage risk is that when valuations are high, move to companies which have strong and large balance sheets and have seen many economic cycles and have survived the slowdowns in the past.
Perfect and Relative Truth: 6 private and PSU banks stocks with upside potential of upto 34 %
Five years back, ask anyone on the street and he or she would be all in for private banks as an investment both as long term or short term. Nobody would talk of PSU banks as something which are worth investing in. Today, the situation is different. They will not criticize private banks as they all own them, but they will talk about how private banks are facing competition from fintech and how things are changing. But at the same time, they would also not fully trust the revival of PSU banks, both in business and in terms of the valuation recovery. The reality is that in the stock market, there is nothing called perfect truth, it is about relative truth. The answer to this problem of either private or public sector banks probably lies in owning a select few from both spaces. So, that one is able to take advantage of tactical recovery but also long term trend.
Time to have right mix ? A set of 6 private and PSU bank with upside potential of upto 34%
When a large private sector is instructed by RBI to stop doing some part of business and the stock tanks by more than 10 % it is bound to raise questions about whether the private sector banks have passed their best in terms of performance on the street. Literally every entity in the banking sector is being looked at and given the sheer size and number of banks there are some issues that are bound to come up. Only thing which investors should give importance to when looking at the macro picture is how GDP growth is shaping up
These 6 bank stocks can give more than 19% returns in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
A financial literacy letter to my younger self
India's young population of 1.4 billion with a median age of 28.2 and urban population of 36%. Diverse investment landscape with BSE Sensex reaching 75,000. Strong financial planning for the future with a focus on asset allocation and growth-oriented investments.
Getting back into shape for good? Banking stocks with upside potential of more than 20%
One sector where the street has been giving differential treatment for many years has been the banking space. Right from PSU banks to small finance banks to private sector banks and even in the private sector banks, there has been a different treatment to different sets of banks. But recently the divergence in valuation has been narrowing down, at all levels. Whether it is between private and public sector banks or even intra private banks segments. There are two underlying factors for it, first, over the years, technology which was a strong point of large private sector banks has been to an extent implemented by other banks also. Second, different banks take care of different segments of the economy, some retail, some large corporate, some SME and retail. So when all segments of the economy are doing well, there is a greater likelihood that all banks will see better performance. We look at banks from three segments of the banking sectors, large players which don't make headlines every day but have seen better performance.
In smallcaps there is 'market risk' and 'unnecessary self-created anxiety risk': Check critical things to avoid the latter
In a week, where small caps were the worst performers and large investors are counting at how much losses their small cap portfolio have incurred. There are still some die hard small fans who would be looking to invest in small caps and there is nothing wrong in investing in small caps even in mayhem if one is sure of holding it for next three to five years. The only thing which needs to be ensured is that one should understand that there is a difference between a good business and a bad business even in the small , mid and large cap segment.There is a difference in absolute value of the stock and value of the company. There are some businesses which will remain small but are so niche that they will still make wealth for you if you hold them for some time. But if your definition of small cap stocks is a stock which is quoting at below Rs 20 or an X amount and the reason you want to buy that stock is because you are hoping your money will grow by ten times, then forget small, mid or large, stock market is not a place where you will make a returns, only thing you will get is unnecessary anxiety.
Pro-Khalistani-gangster nexus similar to Dawood-Chhota Rajan rivalry that led to '93 blasts, NIA probe finds
The two main gangs at loggerheads now are those of Lawrence Bishnoi and Kaushal Chaudhary, similar to the rivalries of underworld dons Dawood and the now jailed Chhota Rajan. The federal agency is investigating more than a dozen cases involving terrorist-gangster syndicates and PKEs and have arrested more than 45 suspects. ET joins the dots.
Manipal Tech, India's largest banking & smart cards manufacturer, looks to raise Rs 1,000 cr
Initially, this proposed transaction will give an exit to a few minority shareholders - family members who own about 20% stake in the parent company MTL. Besides the secondary stake sale, about 5-10% primary shareholding will be sold to meet expansion plans, sources aware of the initiative told ET.
Meet Nasiruddin Ansari, the influencer called 'Baap of Chart', who was banned by SEBI and fined Rs 17 crore
The Securities and Exchange Board of India (SEBI) has imposed a ban on Mohammad Nasiruddin Ansari, a social media influencer known as 'Baap of Chart,' from the securities market. Ansari, who portrayed himself as an investment expert, provided stock recommendations through various platforms. However, SEBI found that he was marketing these recommendations as educational training but was actually trying to sell them.
Shriram Finance's syndicated loan trebles to $400 million
Senior management of HSBC, the sole arranger for the dollar loan, told ET that the facility had been upscaled from the original size of $150 million to $404 million. The deal will be concluded in the next few days. The loan, which saw syndication from 16 banks, is one of the most widely syndicated financing deals for an NBFC.
Govt to certify ‘permissible’ games for now; crypto transfers to wallets on radar
There are many types of online real money games, and the government has not banned all of them, only those that involve wagering, Rajeev Chandrasekhar, minister of state for electronics and IT (MeitY), told ET. This and more in today’s ETtech Top 5.
Female banker friends: The quiet heroes of India's rural banking revolution
For citizens, BCs deliver financial services in hard-to-reach rural areas to every adult. It saves travel expenses, time and wage losses. Transactions can be conducted on holidays and emergencies when banks are closed. Even during the Covid lockdown, when their services were classified as essential, BCs ensured the flow of money in rural areas.
IPOs: Sebi streamlines payment process via UPI
The new format has been put in place after reviewing the performance of SCSBs on timely unblocking of application amounts and feedback received from market intermediaries, Sebi said in a circular.
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